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Plymouth, Michigan, US
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Chrysler in crisis
Fri, 02 Mar 2007By Liz Turner, in the US Motor Industry 02 March 2007 04:28 The trouble with Chrysler: the background In 1996 when Chrysler opened its $1.1bn headquarters in Auburn Hills, 30 miles north of Detroit, executives joked that if things didn’t work out, they could always sell it as a shopping mall. Following DaimlerChrysler’s annual press conference on 14 February, local realtors are, no doubt, sneaking in to take measurements. Chrysler Group announced a staggering operating loss of $1.5 billion for 2006, and in the subsequent question time, DaimlerChrysler’s CEO Dieter Zetsche said the company ‘will examine far-reaching strategic options with partners’.
Weineck Cobra 780 at RM Auctions in Paris
Wed, 08 Jan 2014The phrase “fastest Cobra ever made” has been thrown around too often for our taste over the last…50 or so years. But we're going to say it now, possibly for the last time: How does 1,100 hp sound? Weineck, a Germany-based tuning company, dropped a 12.9-liter -- 780-cubic-inch -- V8 in the famous body, for a run of 15 cars, all of which sold out.
LENNON'S FIRST CAR UNDER THE HAMMER
Thu, 10 Oct 2013THE FIRST car bought by John Lennon after he passed his driving test is being offered for sale at auction next month. The Ferrari 330 GT 2+2 Coupe was bought by the Beatle in 1965 and is expected to sell for between 120,000 euros (£99,987) and 170,000 euros (£141,000). Lennon's biographer, Philip Norman, described how car dealers descended on the singer's home when the news emerged that he had passed his test and offered him a "gleaming smorgasbord" of luxury cars.